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Dec 26, 2012
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wisest words of anyone in the house of representatives handing the gavel to nancy pelosi to be speaker of the house after republicans lost that 2006 election. he said, my party forgot that powers to be used for the good of the people and not for power's sake. that's what they have to remember. now, as far as that fiscal cliff, they can withhold the tax schedule changes. they're able like in defense, when you have a defense cut or a defense cut like that, it takes place over three to four years. it doesn't all happen this figs year. what we want is a bunny slope not a cliff so the damage is not great as long as we are able to take the short-term deal that david spoke about. what everyone is looking for, consumer and business investor is certainty. congress generates the political will with the president to address our problem. both in the grand scheme so we get $4 trillion in debt reduction over a year and second in the short term and don't have a gross domestic product grow at zee ro over the year. >> when you think about this entire issue, there is the gop caucus and the dysfunctional
wisest words of anyone in the house of representatives handing the gavel to nancy pelosi to be speaker of the house after republicans lost that 2006 election. he said, my party forgot that powers to be used for the good of the people and not for power's sake. that's what they have to remember. now, as far as that fiscal cliff, they can withhold the tax schedule changes. they're able like in defense, when you have a defense cut or a defense cut like that, it takes place over three to four years....
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Dec 26, 2012
12/12
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. >> nancy pelosi tried to do that and the signature is not there. chuck hegel was a colleague of yours. are you surprised about the criticism he received from the left and the right being the possible nominee for president obama in the obama administration in the second term? >> hegel used on foreign policy, but he hasn't received a lot of criticism. how much of that is justified? i can't tell you. >> senator from vermont, we thank you for joining us the day after christmas. >> joining us to talk big picture and the president's second term cabinet, nbc editor mark murray was the december employee of the month. congratulations. >> excuse me. you heard from senator sanders saying the lack of urgency hasn't been a problem, but if you look at it for all intents and purposes, boehner removed himself from these discussions. harry reid, president obama, and a little bit of mitch mcconnell. what is possible of making a deal? >> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with president obama? w
. >> nancy pelosi tried to do that and the signature is not there. chuck hegel was a colleague of yours. are you surprised about the criticism he received from the left and the right being the possible nominee for president obama in the obama administration in the second term? >> hegel used on foreign policy, but he hasn't received a lot of criticism. how much of that is justified? i can't tell you. >> senator from vermont, we thank you for joining us the day after christmas....
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Dec 26, 2012
12/12
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the minority puts up their chosen leader, this time nancy pelosi. it's usually pro forma, but this time it has a real weight to it, because one of the reasons we're in this situation right now is because we're waiting for john boehner to be reelected to speaker of the house before they make a move, because only if 16 or 17 republicans don't vote for the guy, he could lose. they just want to wait. >> that's, i think, a point we've all been missing here is that after plan b's gone down, there seems to be some thinking, especially in boehner land, that we don't want our fingerprints on anything that could lead to some sort of conservative ensue su sure. >> it would be very embarra embarrassing. republicans voting for someone else or abstaining, they would have to probably shut the whole house down, have a whole meeting, drum up the votes. it would be very embarrassing and i think you're also seeing it on the senate side, mitch mcconnell is thinking, senate minority leader, if john boehner doesn't want his fingerprints on something, why do i want my fin
the minority puts up their chosen leader, this time nancy pelosi. it's usually pro forma, but this time it has a real weight to it, because one of the reasons we're in this situation right now is because we're waiting for john boehner to be reelected to speaker of the house before they make a move, because only if 16 or 17 republicans don't vote for the guy, he could lose. they just want to wait. >> that's, i think, a point we've all been missing here is that after plan b's gone down,...
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Dec 26, 2012
12/12
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nancy pelosi is still able to lead her caucus. she kept every single democrat, everyone the most moderate, she kept them all in line to not vote for the boehner bill. boehner just can't do it. >> thanks so much. really good to see you dana, ryan, thanks to you both. >>> first tornadoes and now blizzard conditions. we're following several severe weather stories making it difficult for millions of americans. holly is at the world's busiest airport, hartsfield jackson in atlanta. what are you seeing there? >> reporter: well, joe, it's pretty steady here. it's getting a little bit more crowded as the evening goes on. but i can tell you that some people are heading home after christmas and finding it tough to travel today because of that massive storm barreling through the country. it's wreaking havoc on the roads and in the air. snow, ice and high winds. >> we want to get out. >> it's always scary when you're flying that you'll be stuck in the airport. >> reporter: as massive storm it that left many in the midwest and parts of the sou
nancy pelosi is still able to lead her caucus. she kept every single democrat, everyone the most moderate, she kept them all in line to not vote for the boehner bill. boehner just can't do it. >> thanks so much. really good to see you dana, ryan, thanks to you both. >>> first tornadoes and now blizzard conditions. we're following several severe weather stories making it difficult for millions of americans. holly is at the world's busiest airport, hartsfield jackson in atlanta....
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Dec 26, 2012
12/12
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house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of a george bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and medicare doc fix that prevents deep cuts in medicare the laps of the tax cuts would mean the top tax rate would revert back to 39.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10% and for investors capital gains rates would revert to 20% from 15% and depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. dennis: quick follow-up. in terms of profitmaking in washington is now officially impossible to get a fix in place by december 31st? is it impossible? peter: it is not impossible. you
house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of a george bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and medicare doc fix that prevents deep cuts in medicare...
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Dec 26, 2012
12/12
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number two, plan b was really the idea of chuck schumer and nancy pelosi as recently as in this summer. to set the threshold on incomes to a million dollars versus 250,000, allow those tax rates for a million and above go up, the president talked about taxing millionaires and billionaires, that would be right, and now let the rest of the country enjoy the extension of the full bush tax cuts which i think we now even see democrats acknowledging have meaningful -- gregg: basil, if it doesn't work, the president's going to have egg on his face, right? >> no, not at all. gregg: come on. >> the president has come back with a compromise. the people that have egg on their face are republicans. they've taken intractable positions where as the president has made concessions, boehner cannot show leadership to get anything passed through his congress right now. and, quite frankly, they're being sort of held by the tea party against some extraordinary positions that they have to take at a time when the paradigm has shifted. so i think the country is recognizing that the country -- gregg: looking a
number two, plan b was really the idea of chuck schumer and nancy pelosi as recently as in this summer. to set the threshold on incomes to a million dollars versus 250,000, allow those tax rates for a million and above go up, the president talked about taxing millionaires and billionaires, that would be right, and now let the rest of the country enjoy the extension of the full bush tax cuts which i think we now even see democrats acknowledging have meaningful -- gregg: basil, if it doesn't...